Ally Financial priced a $986.60 million auto lease securitization, adding to what has been a busy first quarter for this sector. 

Ally Auto Receivables Trust 2015-SN1 is backed by closed-end new vehicle leases on primarily GM and Chrysler brand vehicles, according to a presale report published by Fitch Ratings. The pool consists of strong quality leases with a weighted average FICO score of 759, seasoning of 16 months, and a “reasonably diversified” maturity schedule, per Fitch.

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